Investor Centre : Press Releases

Simbhaoli Sugar Rights Issue

New Delhi September 20, 2005. The Simbhaoli Sugar Mills Limited ,
the largest integrated sugar refinery in India, has come out with
its Rights issue. The issue opened On September 9, 2005 and will close
on October 8, 2005.

According to Mr Sanjay Tapriya, Director (Finance) and Company Secretary,
87,84,622 Equity Shares of Rs. 10/- each shall be offered for cash
at a premium of Rs.50/- (Issue Price of Rs.60/-) per Equity Share
on rights basis to the existing Equity Shareholders of the Company
in the ratio of 4 (Four) Equity Shares for every 5 (Five) Equity Shares
(i.e.4:5) held as on 26/08/2005 (Record Date) aggregating Rs. 5270.77
Lacs.

The funds so raised will be deployed to part finance the capital
expansion plan already underway to expand Company’s existing
sugar production capacities at Simbhaoli (Western UP) to 9500 TCD
from current level of 7500 TCD; and, to service its long-term working
capital needs. With this expansion the company intends to operate
its raw-to-refined process for additional 60 days beyond the sugar
season and generate additional co-generated power, too. This effort
will entail the usage of its sugar plant for 240 days in a year against
the conventional 180-day sugar production cycle in northern India.

Also, The Simbhaoli Distillery unit has completed its capacity expansion
to 90,000 ltrs/day of alcohol with 60,000 ltrs/day of Ethanol capacity.
It has started supplying Ethanol for 5% Ethanol-blending programme
with petrol to all petroleum oil companies in northern India

In addition, the Company is expanding the capacity of its Chilwaria
(Eastern UP) sugar unit with Sugar Development Fund (SDF) assistance
at a capital expenditure of Rs. Thirty crores ; enhancing the cane
crushing capacity to 6000 TCD from 3800 TCD.It has also announced
setting up of a new sugar plant in village Brijnathpur in Ghaziabad
District (UP) ; the funding plan of which will be disclosed shortly.
The additional capacity at Chilwaria unit as well as the proposed
plant will start sugar production in October 2006.

News & Updates

The name of 'Simbhaoli Spirits Limited', originally incorporated on 4th day of April 2011 under the provisions of the Companies Act, 1956 has been changed to 'SIMBHAOLI SUGARS LIMITED' as per the Scheme of Amalgamation vide order passed by the Hon'ble High Court of Judicature at Allahabad as became effective on Nov 13, 2015. Read more